The news that came out today states that the Singapore’s economy for the first half of the year has grown at a staggering pace.
It could be a record growth of 13 to 15% which is better than the big two of India and China.
But in the same article, it predicts that headwinds of the troubles in Europe and the anaemic growth in United States will reduce the overall growth rate for this year.
What does it mean for investors?
People are flooding to buy treasury bills in United States with the release of bad news recently about the slow growth in the economy there and no improvement in the unemployment rate. When the most people are pessimistic, that is the time to look to buy.
Sources:
1. Yahoo News: Singapore Set for Stellar Economic Growth in 2010
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